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3 ASX shares at 52-week highs: More gains to come?

Despite the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) tumbling almost 1% on Friday, it didn’t stop a number of shares from climbing to 52-week highs.

Below are three which caught my eye. Can they climb higher from here?

The AIR N.Z. FPO NZX (ASX: AIZ) share price soared to a 52-week high of $3.29 last week. This means its shares have now gained an incredible 56% since the turn of the year. Low oil prices and improved ticket prices appears to have resulted in a rerating of airline shares. The shares of rival airline Qantas Airways Limited (ASX: QAN) are not far from their 52-week high as well, thanks to a 73% gain year-to-date. Despite its larger gain, I’d still buy Qantas ahead of Air New Zealand.

The Equus Mining Ltd (ASX: EQE) share price rocketed to a 52-week high of 5.3 cents despite there being no news out of the company since the middle of June. In fact, last week’s 52% weekly gain led to the ASX issuing the miner with a please explain. The second in as many weeks. Once again, management pointed to the drilling result at its Los Domos Gold-Silver Project in Chile as being the most likely reason for the interest in its shares. While early indications point to there being a significant resource underground, I still feel it is a little early to invest.

The Updater Inc (ASX: UPD) share price hit another new high of $1.00 on Friday. Investors have been piling in following strong results from the US-based company’s pilot program to prove the value of its software platform for full-service moving companies. In light of this, management believes the company is uniquely positioned to reinvent the process of booking and scheduling a full-service moving company. With US$9 billion spent each year on local and interstate moving services in the United States, Updater certainly could be worth taking a closer look at today.

As well as Updater, I think these growth shares are worth looking closely at today. Each has been growing strongly and I expect them to smash the market in FY 2018.

Top 3 ASX Blue Chips To Buy In 2017

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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